Earnings journal

Philo Judeaus said:
Welcome to the thread! I like that attachment, it looks clean. Is that $WBA?

Do you only do long vol pre-earnings trades? Do you ever short vol going into the event?
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Hi. Most of my trades are pre-earnings (long vol.). I have done maybe 20-30 trades where I held through earnings. Usually selling tight ICs or ratio trades but had limited success where a few big losses seemed to wipe out all my gains.
 
TheBigShort said:
Smack down on AYI!! Who took this trade?? Hold thru 10am, vol will be much to bid first 30 min.

Bid/Ask 124/128. This could be a perfect open
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out @ 8.25
$5.00 winner. Wow that was juicy. Vol came in quite a bit (33%) I think this will go to 30% vol by 11am but I am happy pulling out here.
 
I suffered a drawdown as I was struggling to figure out a new strategy I am working on. Since then I have figured it out and account is racing past all time highs. I'll keep you guys posted with weekly updates from earnings.
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That's a nice climb in the past two weeks! I've had a decent grind up in June, although I made a handful of smaller decision and execution mistakes that were a little annoying. But good overall performance obscures those as long as they aren't too drastic.

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Magic said:
That's a nice climb in the past two weeks! I've had a decent grind up in June, although I made a handful of smaller decision and execution mistakes that were a little annoying. But good overall performance obscures those as long as they aren't too drastic.

View attachment 205136
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Fuck yea!!!!! Magic, wow that slope is smoother than a baby's bum!

It looks like your running an high frequency firm over there
 
TheBigShort said:
"Bot 1 short butterfly" Is not a term as far as I know. I bot a butterfly that is short deltas. yes. long 1 140 short 2 125 long 1 110 all puts

i dont have a ton of edge here. I think atm vol is cheap and I am a bit bearish. The butterfly is cheap enough for me to trade. i am in small
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I was reading one of @atticus old journals and his method was day-trading fly's... he would enter/exit within a day or two at most it seemed. It never even dawned on me to utilize fly's like this. Have you ever traded like that @TheBigShort ?
 
132 PEP Put avg 1.41

I think we go lower (for fundamental reasons) and ATM vol is way to cheap! Considering this is the first large company announcing this season, a $5 move is not out of the cards. PEP is also @ the top of it's range on all fundamental ratio's.

Great risk:reward!

Note* If you are selling ATM vol - the ATM implied move is 1.5x the current ATR. That is dirt cheap even for a company like PEP.
 
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